Replacing a good with a similar good because of a change in prices is an example of the:

Social Studies

2 answers:

klemol [59]3 years ago

5 0

Substitution effect is the answer

LiRa [457]3 years ago

4 0

The substitution effect is the economic understanding that as prices rise — or income decreases — consumers will replace more expensive items with less costly alternatives. (investopedia.com definition)

The answer is the substitution effect.

You might be interested in

What is meant by school : Zone of peace?

d1i1m1o1n [39]

Explanation:

so for example you are the leader of a village and start a war with another village, you guys are affected but the other villages that exist arent, theyre in a zone of peace

4 0

2 years ago

What role did the policy of containment play in the involvement of the us in korea and vietnam?

julsineya [31]

They fought on the sides of the nationalists in order to try to stop the communists. ... The U.S.<span> had a </span>policy of containment<span> and if one Asian nation fell to communism then they all would.</span>

5 0

3 years ago

Gestalt psychology is best seen as a reaction against the ________ approach.a.structuralistb.psychoanalyticc.functionalistd.huma

Irina-Kira [14]

Gestalt psychology is commonly known as "The whole is greater than the sum of its part". Gestalt Psychology pointed that we tend to enjoy things as rather than the individual effort given by the members. However, Structuralism was influenced by the earlier chemist that if we broke water, we can get an oxygen and hydrogen.Structuralism engages in a separation of a whole thing into smaller pieces to get the job done.The Correct Answer to the question is A. Structuralist

8 0

3 years ago

Whenever the other house of Congress significantly alters a bill, a(n) (A:enumerations B:design C:Phearings D:conference) commit

nydimaria [60]

Yeah the answer is A

7 0

3 years ago

Read 2 more answers

what did mama want to do to stop the wallaces from destroying young black children's lives to protect the black families in come

Feliz [49]

She wished for her daughter as well as other black households to begin making purchases from businesses that are concerned with the wellbeing of black people.

<h3>Wallace is part of what clan?</h3>

The Wallace family of Craigie, Renfrewshire, is descended from the great patriot's uncle, Adam Walace of Riccarton. They acquired the land through a marriage to Sir John Fleming of Craigie's heiress, and Hugh Scott of Craigie was made a Gentleman of Nova Scotia in 1669.

<h3>Who is Wallace best known as?</h3>

William Wallace, also known as Sir William Wallace, was one of Scotland's nation's greatest legends and also the main driving force behind the Scottish rebellion against the English king Frederick I. Wallace was born around 1270, most likely near Paisley in Renfrew, Britain, and died on August 23, 1305, in London, Europe.

To know more about Wallace visit:

brainly.com/question/22824182

#SPJ4

3 0

1 year ago